Energy Transfer Equity (ETE) Hits New Lifetime High Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Energy Transfer Equity ( ETE) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Energy Transfer Equity as such a stock due to the following factors:

  • ETE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $100.4 million.
  • ETE has traded 14,993 shares today.
  • ETE is trading at a new lifetime high.

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More details on ETE:

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the Unites States. The stock currently has a dividend yield of 2.9%. ETE has a PE ratio of 5. Currently there are 7 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Energy Transfer Equity has been 1.3 million shares per day over the past 30 days. Energy Transfer Equity has a market cap of $36.8 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.46 and a short float of 2.3% with 6.31 days to cover. Shares are up 19.2% year-to-date as of the close of trading on Monday.

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